2025 年上半年，全球经济航船在贸易摩擦加剧与政策不确定性升腾的漩涡中艰难前行。 世界银行最新数据显示，全球近七成经济体遭遇增长预期下调，整体经济增速已滑落至 2.3% ，创下 2008 年金融危机以来的最低纪录。 相比之下，中国经济在政策有力护航下展现出相对韧性，全年增长预期锚定 5% ，然而内需修 复的持续性、地产风险的化解进程以及全球产业链重构带来的压力，仍构成复杂挑战。 主要经济体增长普遍乏力：美国受制于高利率与关税冲击，增速放缓至 1.4% ；欧元区与日本 表现更为疲弱，双双仅录得 0.7% 的微弱增长；新兴市场的增长势头亦显著减弱。 阴霾之中，新质生产力正孕育着变革的曙光。 人工智能（ AI ）应用迎来大规模落地的元年，深刻重塑产业图景；绿色能源转型加速推进； 中国新能源汽车出口更是异军突起，同比激增 70% 。 与此同时，在全球 " 去美元化 " 浪潮涌动之下，中国资产的价值重估机遇悄然显现。 值此百年未有之大变局下，面对机遇与风险并存的复杂棋局，投资者该如何调整舵轮，优化策 略，才能行稳致远呢？ 2025 年 7 月 4 日 -5 日，格隆汇·中期策略峰会· 2 025 将再度于深圳启幕。 ...

Santa Cruz是该公司最先进的项目，将有助于满足绿色能源转型对铜日益增长的需求。铜是制造电线的 一种关键必需矿物。 6月23日（周一），对艾芬豪电气（Ivanhoe Electric）在亚利桑那州Santa Cruz铜矿项目的一项新的初步 可行性研究（PFS）显示，该项目的初始成本为12.4亿美元，税后净现值（NPV）为14亿美元。 这座地下矿场在23年的寿命中，前15年期间每年可生产7.2万吨铜阴极，在每磅4.25美元的基本情况下， 内部收益率（IRR）为20%，艾芬豪周一表示。按照目前Comex高品位铜价每磅4.83美元计算，NPV升 至19亿美元，IRR升至24%。 艾芬豪电气执行主席Robert Friedland在一份新闻稿中表示："Santa Cruz将开采美国最大的高品位氧化铜 矿体……这些矿体将由新一代熟练的高薪美国工人现场加工。" "Santa Cruz将生产纯度为99.99%的LME A级铜阴极产品，从我们的矿门口就可以立即销售给美国工业 界。" 该公司表示，矿山建设可能在明年上半年开始，2028年开始生产第一批铜阴极，2029年全面投产。PFS 设想该矿将采用堆浸处理。 每吨铜的生 ...

Group 1 - The global landscape is facing multiple challenges including trade disputes, geopolitical tensions, extreme climate events, and technological disruptions, which increase uncertainty in development prospects [1] - Entrepreneurial spirit is highlighted as a valuable asset during turbulent times, driving cognitive transformation and innovative models, leading to the rise of new business formats and aiding traditional enterprises in their transformation [1] - Addressing climate emergencies and leading global technological governance are identified as critical areas for entrepreneurial action and innovative collaboration [1] Group 2 - Global entrepreneurs are turning climate challenges into opportunities for industrial innovation, creating a dual model of low-carbon economic transformation and value chain restructuring [2] - Chinese entrepreneurs are leading the global green transportation revolution, significantly contributing to green energy transition and carbon reduction efforts [2] - The World Economic Forum's research indicates that for every $1 invested in climate adaptation, carbon reduction, and resilience building, potential losses of $2 to $19 can be avoided [2] Group 3 - The role of policy is emphasized as a core catalyst for market transformation, with the EU's Clean Industry Agreement focusing on high-energy-consuming industries and clean technology to drive industrial growth [2] - Financial mechanisms are evolving, exemplified by the World Bank's issuance of a $225 million "Amazon Rainforest Restoration Linked Bond," which ties investor returns to carbon removal effectiveness [2] - The entrepreneurial energy of the younger generation is significant for systemic change, with 80% of startup founders in Africa being under 35 years old, showcasing the potential for local solutions contributing to global challenges [2] Group 4 - The World Economic Forum's global network is committed to promoting responsible technology governance, with the AI Governance Alliance uniting over 500 leaders from various sectors to foster transparent and trustworthy AI development [3] - Successful entrepreneurs embody a spirit of continuous learning, embracing change, and maintaining humility, which is essential for addressing global challenges [3] - The importance of deepening public-private dialogue and building strong partnerships is highlighted as necessary for creating a prosperous new era [3]

Core Insights - Sustainable Aviation Fuel (SAF) is becoming a key driver for the green transformation in the global aviation industry, with Jiaao Environmental (603822.SH) emerging as a leader in the domestic bio-jet fuel market after receiving approval from the Civil Aviation Administration of China [1][2] - Jiaao Environmental's success in the bio-jet fuel sector is attributed to its technological breakthroughs, particularly in utilizing waste oils as raw materials through self-developed pre-treatment technology, enabling a significant shift from waste to green aviation fuel [1] - The company's sustainable aviation fuel project, once fully operational, will be the largest bio-jet fuel production base in China, contributing significantly to the country's carbon reduction goals in the aviation sector [1] Industry Context - The International Air Transport Association (IATA) projects that by 2050, 65% of emissions reductions in aviation will rely on the use of bio-jet fuel, indicating a vast market potential [2] - China, as the world's second-largest aviation market, is set to launch SAF pilot projects in 2024, with increasing policy support to promote the use of bio-jet fuel [2] - The European Union's mandatory blending policy for SAF by 2030 and China's support for biomass energy in its 14th Five-Year Plan align with Jiaao Environmental's production capacity expansion, positioning the company to capture market share [2] - BP's strategic investment in Jiaao Environmental not only provides financial backing but also aids in overcoming international certification barriers, facilitating global expansion [2] - If global SAF penetration reaches 10%, the market size could exceed $100 billion, with Jiaao Environmental poised to benefit from its technological, raw material, and distribution advantages [2]

Group 1 - The key bottleneck in global climate governance is the failure of developed countries to fulfill their climate financing commitments to developing countries [1] - The June climate conference in Bonn focuses on advancing global adaptation goals and discussing just transition pathways and climate financing [1] - Developed countries, particularly the United States, have reduced their financial contributions and have shown a lack of commitment to climate agreements, as evidenced by the U.S. absence from the June climate conference [1] Group 2 - Developing countries like China and Brazil are not only promoting large-scale climate actions domestically but are also supporting other developing nations through South-South cooperation [1] - China has emerged as a leading country in providing solutions for global climate action, significantly reducing the costs of green technologies such as solar panels and electric vehicles [1][2] - The upcoming COP30 in Brazil is seen as an important opportunity to demonstrate that addressing climate change can be beneficial for the economy and job creation, particularly for developing countries [2]

英国《独立报》援引该国财政部介绍报道称，即将公布的计划文件将列出政府在升级交通网络、建设新 住房和现代化医院等公共服务以及助力绿色能源转型等优先政策领域的规划。里夫斯此前表示："长期 以来，我们的基础设施——学校、医院、道路和桥梁——都被弃之不管任其破败，阻碍了社区发展并抑 制了经济增长。" 该计划紧接上周支出审查会议，英国《镜报》报道称，当时已确定投入156亿英镑用 于交通升级、390亿英镑建设社会及可负担住房，以及142亿英镑打造塞兹韦尔C核电站。 该计划的更多细节将于本周公布，随后还计划于7月发布《国家基础设施项目清单》，具体列出将获得 资金支持的项目。《金融时报》分析认为，在放宽财政规则以支持旨在提振英国低迷增长的资本投资 后，这笔额外款项成为可能，但不可避免的是，许多项目在2029年大选前甚至连开工坑都不会挖，"里 夫斯的首要任务是加速推进能快速见效的项目"。 【环球时报驻英国特约记者 纪双城 董铭】据英国《金融时报》16日报道，英国财政大臣里夫斯将于本 周公布价值7250亿英镑的十年基础设施建设计划细节。报道称，里夫斯承诺在2027年的支出审查前预先 划拨部分预算。虽然里夫斯将该计划称为"国家基础 ...

在乌兹别克斯坦克孜勒库姆沙漠南部，有中企承建的中亚地区目前单体规模最大的风电项目。它由赞克 尔迪和巴什两个风电场组成，年发电量占到乌兹别克斯坦年发电总量的7%，同时，也为乌兹别克斯坦 的绿色能源转型注入强大动力。这个位于乌兹别克斯坦布哈拉州的风电项目于2019年启动，由中国企业 承建施工。这里的设备，包括涡轮机组及配套叶片都是从中国直接运来的，车队载着这些庞然大物行进 了超5000公里。（央视新闻） ...

地缘冲突升级与科技变革交织，全球顶尖分析师共绘贵金属投资新蓝图 2025年6月14日，红狮金业2025年中投资论坛在香港线下线上同步盛大开幕。本次论坛汇聚领域顶尖贵金属分析师和金融科技 专家，围绕三四季度黄金、白银及原油走势展开深度剖析，并系统性探讨人工智能在黄金交易领域的革命性应用。 贵金属走势：避险需求推动黄金白银持续走强 论坛开场，红狮金融研究院首席分析师展示了最新预期分析：黄金价格在第三季度有望再次突破3500美元/盎司，而白银在工 业与投资双重需求推动下，可能挑战42美元/盎司的历史新高。 论坛现场展示的资本流动监测数据显示，在近期中东冲突升级期间，全球资金呈现出"风险资产抛售+避险资产涌入"的典型模 式。军#工、石油石化板块逆势领涨，而传统消费板块则明显承压。"这不是短期扰动"，"地缘冲突风险溢价已嵌入贵金属长 期定价。当市场看到伊朗核设施成为打击目标，意味着游戏规则已经发生本质变化。" 科技变革：AI重塑黄金交易生态 本次论坛最具前瞻性的议题聚焦AI技术在黄金交易中的应用。红狮科技金融实验室负责人首次展示了 AI黄金交易辅助系统的 两大突破性进展： 1. 多模态市场情绪分析：整合新闻文本、社交媒 ...

今天在提价刺激下，稀土股集体走强，截至下午收盘，奔朗新材涨超11%，广晟有色涨停。 公司历史可追溯至2010年，当时袁荣成立金浔股份，并开始从事有色金属业务。2016年其首家境外附属公司荣兴投资 在赞比亚注册成立。2017年公司在新三板挂牌并随后入选新三板创新层挂牌公司之一，同时在赞比亚的铜精矿浮选厂 投产。 金浔股份起初从事有色金属贸易，积累行业经验后，分别在2017年、2023年开始在赞比亚及刚果（金）开展铜的本地 化加工及冶炼业务，并逐步发展成当前集矿物加工、冶炼及有色金属贸易为一体的业务模式。 1 80后云南昆明创业赴港IPO，上市前多次派息 近期，稀土出口问题引发关注。有美国媒体称，在伦敦最新一轮中美高层贸易谈判结束后，中国同意暂时恢复对美国 汽车制造商及其他产业的稀土出口许可，但仅限六个月有效。近日，中国商务部称已依法批准一定数量的稀土相关物 项出口许可合规申请。 金浔股份总部在云南省昆明市高新区，作为省会城市，昆明是云南省上市公司最多的城市。如果金浔股份能顺利在港 股上市，那么昆明又将增加一家上市公司。 稀土在电子、新能源、新材料等高新技术领域有着不可替代的作用。稀土、铜、锌、铝等矿产资源的开发 ...

Core Viewpoint - The collaboration between China and Malaysia in technology, particularly in renewable energy, is gaining new opportunities, with the Cross-Axis Wind Turbine (CAWT) technology showing significant advantages in low wind speed environments, aligning with China's green energy development strategy [1] Group 1: CAWT Technology Overview - CAWT technology is currently advancing from Technology Readiness Level (TRL) 6 to TRL 7, with a 300W prototype undergoing CFD simulation and wind tunnel testing to validate performance metrics [3] - CAWT demonstrates clear advantages over traditional wind power technologies, such as a lower cut-in wind speed of 2.8 m/s compared to the industry standard of 4.0 m/s and a power coefficient of 0.50, outperforming Vertical Axis Wind Turbines (VAWT) and Horizontal Axis Wind Turbines (HAWT) [3] Group 2: Conditions for Commercialization in China - Successful commercialization of CAWT technology in China requires several conditions, including: - Technical validation and optimization through larger prototype testing in specific Chinese wind conditions [4] - Establishment of a localized supply chain and industrial ecosystem, particularly in regions like Guangdong Yangjiang, which has developed a complete industrial chain [4] - Policy support and financing, leveraging initiatives like the "Yangjiang Initiative" to align with national renewable energy policies [5] - Market validation and the establishment of suitable business models, particularly in the context of China's offshore wind power market [5] Group 3: Multi-Energy Integration Model - The multi-energy integration model being developed in Yangjiang, which includes wind, solar, storage, and operation & maintenance, enhances energy supply stability and reliability by utilizing the complementary characteristics of different energy forms [6] - This model addresses the intermittency of renewable energy through integrated storage systems, optimizing resource allocation and reducing overall costs [6] - The Yangjiang model serves as a reference for countries along the "21st Century Maritime Silk Road," particularly in addressing energy security and stability issues [6] Group 4: Role of the Green Energy Innovation Hub - The "Green Energy Innovation Hub" serves as a platform for international technology exchange, accelerating the commercialization of innovative technologies like CAWT by connecting technological innovation with market needs [8] - It acts as a base for international talent recruitment and training, crucial for technological innovation and industry upgrades [8] - The hub facilitates deep collaboration between academia, research institutions, and enterprises, enhancing the practical application of theoretical research [8] Group 5: Recommendations for Technology Transfer and Collaboration - A phased technology transfer roadmap is recommended to guide the development of CAWT technology from theoretical research to industrial production [9] - Establishing an open innovation ecosystem that integrates research, technology development, and market application is essential for supporting CAWT and similar technologies [9] - Creating a targeted technology matching platform can enhance the market application of innovative technologies by aligning them with industry needs [10]